BOK Financial Co. (NASDAQ:BOKF) Receives $114.40 Average Target Price from Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have received an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $114.40.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Stephens lowered their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, DA Davidson reduced their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BOKF. Dimensional Fund Advisors LP raised its position in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. lifted its position in BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after purchasing an additional 48,874 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of BOK Financial by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock worth $8,643,000 after purchasing an additional 564 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Up 1.7 %

NASDAQ:BOKF opened at $112.99 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. BOK Financial has a one year low of $77.86 and a one year high of $121.58. The company has a market cap of $7.24 billion, a PE ratio of 15.54 and a beta of 1.20. The firm has a 50-day moving average of $113.20 and a 200-day moving average of $106.68.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the previous year, the firm earned $2.04 earnings per share. As a group, equities research analysts expect that BOK Financial will post 8.07 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.02%. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.